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Nonprofiteer
← DREAM ORCHESTRA INC

Form 990 for tax year 2024

Filed by DREAM ORCHESTRA INC.

Totals

Total revenue
$446,923
Total expenses
$410,512
Contributions and grants received
$236,515
Grants paid
$3,000
Program service revenue
$210,395
Investment income
$13
Other revenue
$0
Total assets, end of year
$217,851
Total liabilities, end of year
$9,094
Net assets or fund balances, end of year
$208,757
Program services expenses (Part IX)
$218,454
Management and general expenses
$192,058
Fundraising expenses
$0
Program service expenses (Part III)
$218,454

Program services were 53.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $236,515

  • 2a · Program service revenue: MUSIC PERFORMANCE EVENT

    total $210,395 · related or exempt $210,395

  • 3 · Investment income

    total $13 · related or exempt $13

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,000 · program services $3,000

  • 7 · Other salaries and wages

    total $60,000 · management and general $60,000

  • 10 · Payroll taxes

    total $4,702 · management and general $4,702

  • 11a · Fees: management

    total $490 · management and general $490

  • 11c · Fees: accounting

    total $2,600 · management and general $2,600

  • 11g · Fees: other

    total $166,263 · program services $166,263

  • 12 · Advertising and promotion

    total $5,539 · management and general $5,539

  • 13 · Office expenses

    total $995 · management and general $995

  • 17 · Travel

    total $49,191 · program services $49,191

  • 19 · Conferences, conventions and meetings

    total $648 · management and general $648

  • 20 · Interest

    total $77 · management and general $77

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $39,299 · management and general $39,299

  • 24b · Other expenses: FACILITY LEASE

    total $32,679 · management and general $32,679

  • 24c · Other expenses: EVENT EXPENSE

    total $15,928 · management and general $15,928

  • 24d · Other expenses: PHOTO & DVD

    total $12,860 · management and general $12,860

  • 24e · All other expenses

    total $16,241 · management and general $16,241

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $193,345 · end of year $217,851

  • 25 · Other liabilities

    beginning of year $20,999 · end of year $9,094

  • 27 · Net assets without donor restrictions

    beginning of year $172,346 · end of year $208,757

Mission and programs · 2024

Mission

THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

  • THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

  • THE PURPOSE OF THE ORGANIZATION/PROGRAM IS TO EDUCATE CLASSICAL MUSIC AND ORCHESTRAL MUSIC TO YOUNG STUDENTS. ALSO, THE PROGRAM GIVES PERFORMANCE OPPORTUNITIES SO STUDENTS CAN EXPEND THEIR EXPERIENCE IN A WIDE RANGE OF SOCIAL CONTACTS AND BEHAVIOR. THROUGH WEEKLY REHEARSAL, STUDENTS LEARN AND INTRODUCE TO ORCHESTRAL REPERTOIRE. THE GROUP PERFORMS FOR VARIOUS OCCASIONS SUCH AS CHARITY EVENTS, COMMUNITY EVENTS, AND ANNUAL CONCERTS.

  • THE PURPOSE OF THIS ORGANIZATION IS TO PROVIDE AND SERVE THE LOCAL COMMUNITY WITH MUSICAL TALENTS BY GIVING AND PROMOTING CLASSICAL MUSIC CONCERTS, EDUCATING THE COMMUNITY FOR BETTER UNDERSTANDING OF CLASSICAL MUSIC AND CULTURE, AND HOLDING CHARITY CONCERTS TO SUPPORT THE GROUPS IN NEED WITHIN THE COMMUNITY.

    Expenses $218,454 · Grants $3,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Yoon Kahm

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • Daniel Suk

    PRESIDENT

    Total calculated
    $0
    Hours/week
    20

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202543219349324904

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